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.. J ~ - <br />energy fuels nuclear, inc. <br />III IIIIIIIIIIIII III <br />three park central • suite 900 <br />1515 arapahoe street • denver, Colorado 80202 <br />May 5, 1997 <br />VIA Facsimile (303) 832-8106 <br />Michael B. Long <br />Division Director <br />Division of Minerals and Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room '.215 <br />Denver, Colorado 80203 <br />Dear Mr. Long: <br />303-623-8317 <br />lwx 910-931-2561 <br />taz 303-595.0930 <br />This letter follows our earlieir discussions concerning the permits held by Energy Fuels Nuclear, <br />Inc. ("EFN") and the transfer [hereof to International Uranium (USA) Corporapon ("IUSA"). <br />appreciate the time you and L•tvern Lemay of the Division of Minerals and Geology ("DMG' have <br />taken to assist EFN in this transfer process. I understand that your offices are in the midst of being <br />worked on this week and that the phone system and other aspects of the operations of the DMG are <br />being affected this week. <br />[ would also like to advise you that counsel Cor IUSA, Ms. Manly Nixon, Esq. will be involved in <br />the final steps of the permit transfers. IUSA has made bonding arrangements with Van-American <br />Insurance Company and counsel for Van-American, Mr. Rick L. Thomas, Esq. and Mr. Neil <br />Fairweather, Fsq. are also involved in the transfer process. Please feel free to discuss any transfer <br />issues with any or all of these individuals if the occasion arises. <br />We understand that DMG is holding the Applications for Transfer of Permit and Succession of <br />Operator that have been filed for the Colorado operations that are being transferred to IUSA <br />pending delivery of necessary bond documents. This letter addresses [he delivery of the bond <br />doctunents and the completion of the sale process. The Colorado permits ("Colorado DMG <br />Permits") presently pending before the DMG are: <br />Operation Nam~_ Permit Number <br />Sunday Mine M-77-285 <br />Carnation Mine M-77-416 <br />St. 3ude Mine M-78-039-HR <br />Topaz Mine M-80-055-HR <br />West Sunday Mine M-81-021 <br />